Sarah Paine

Keep compounding growth.

And war, as the Ukrainian war shows daily, what a waste of Russian assets.

But sadly, the enemy gets a vote.

All right.

That's what I had to say for you this evening.

And thank you so much for coming and being such a wonderful audience.

Thank you.

It's both.

But I don't know that Germany ever blockading Britain.

It was more he was planning to invade Britain if he could.

And then he lost so many naval assets doing the Norway campaign, which he really needed to do.

that he doesn't have the naval assets that he had at the beginning of the war.

That's unlike World War I, where the Germans basically, they had their whole fleet, most of it, at the end of the war, and then it gets scuttled at the end of the war.

This time, Germany did the smart thing, which is to use that fleet, get something.

They get Norway, but then they don't have a fleet.

So I don't think invading...

It's difficult.

And then I think because he's in the big petroleum deficit zone, he's got to get moving.

I'm not clear that he had tons of choices, but he's got to go for resources, right?

The oceans have been shut off for him.